Funding arb · Price arb /

PEPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.026%

Price spread now: KuCoin against gTrade (Gains Network)+0.452%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.452% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$45 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PEPE/USD	0.000005308	L +0.0006% / S −0.0006%	pay 0.0001% / 1h	48m 47s	$15K	—	150x
Short	KuCoin PEPEUSDTM	0.000005332	0.0100	get 0.0100% / 8h	3h 48m	$27.0M	$67.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee KuCoinbpOrdersPrice spread, now +0.452%Rate

Funding earned: $19.81
Price spread: +0.452% → 0.000%: $45.21
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $43.02
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 5 min ago	2.36 bp	12.8 bp −$13	27.8 bp −$278	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PEPE on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PEPE-USD	0.0000%	1h	0.000005337	+0.545%	$20K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USDlong	L +0.0006% / S −0.0006%	1h	0.000005308	long leg	$15K	—	150x
Injective PEPE/USDC PERP	+0.0092%	1h	0.000005381	+1.373%	$3K	$111K	12x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005339	+0.582%	$70K	$153K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005337	+0.550%	$104.3M	$369.8M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005316	+0.149%	$175.9M	$85.8M	75x	as long as short
KuCoin PEPEUSDTMshort	+0.0100%	8h	0.000005332	+0.452%	$27.0M	$67.4M	75x
Variational Omni 1000PEPE	+0.0100%	8h	0.000005323	+0.273%	$765K	$5.0M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005303	−0.092%	$38K	$492K	20x	as long as short
SunX 1000PEPE-USDT	+0.0100%	8h	0.000005325	+0.316%	$2K	$2.5M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDT	+0.0100%	8h	0.000005325	+0.324%	$610K	$3.8M	75x	as long as short
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005315	+0.123%	$8K	—	15x	as long as short
Bitget PEPEUSDT	+0.0256%	8h	0.000005349	+0.776%	$51.9M	$186.1M	75x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0376%	8h	0.000005317	+0.168%	$36K	$26K	20x	as long as short
OKX PEPE-USDT-SWAP	+0.0417%	8h	0.000005346	+0.714%	$52.5M	$676.5M	50x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0503%	1h	0.000005313	+0.092%	$75K	$126K	25x	as long as short
BloFin PEPE-USDT	+0.0538%	8h	0.000005321	+0.243%	$4.6M	$28.0M	75x	as long as short
Phemex u1000PEPEUSDT	+0.0626%	8h	0.000005319	+0.209%	$2.6M	$7.4M	50x	as long as short
SoDEX 1000PEPE-USD	+0.0712%	1h	0.000005323	+0.281%	$2K	$10K	10x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0712%	1h	0.000005324	+0.300%	$716K	$36.2M	50x	as long as short
BingX 1000PEPE-USDC	+0.0754%	8h	0.000005321	+0.249%	—	$2.3M	—	as long as short
Extended 1000PEPE-USD	+0.0800%	1h	0.000005346	+0.720%	$566K	$226K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0800%	1h	0.000005322	+0.262%	$150K	—	3x	as long as short
Paradex kPEPE-USD-PERP	+0.0803%	8h	0.000005341	+0.624%	$6K	—	20x	as long as short
MEXC PEPE_USDT	+0.0803%	8h	0.000005340	+0.607%	$103.9M	$292.2M	300x	as long as short
Binance 1000PEPEUSDT	+0.0803%	8h	0.000005340	+0.606%	$154.6M	$1.30B	75x	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0885% / S −0.1727%	1h	0.000005000	−5.804%	$65K	—	100x	as long as short
Nado kPEPE-PERP	+0.0885%	1h	0.000005322	+0.255%	$190K	$914K	10x	as long as short
Aster 1000PEPEUSDT	+0.0932%	8h	0.000005318	+0.191%	$1.9M	$9.9M	50x	as long as short
Lighter 1000PEPE	+0.1264%	1h	0.000005338	+0.563%	$685K	$8.5M	10x	as long as short
01 Exchange kPEPEUSD	+0.1280%	1h	0.000005324	+0.300%	$642	$3K	10x	as long as short
Backpack kPEPE_USDC_PERP	+0.1404%	1h	0.000005320	+0.220%	$72K	$722K	15x	as long as short
Kraken Futures PF_PEPEUSD	+0.1535%	1h	0.000005320	+0.230%	$4.9M	$16.3M	50x	as long as short
Hyperliquid kPEPE	+0.1755%	1h	0.000005338	+0.563%	$58.4M	$144.3M	10x	as long as short
ApeX Omni 1000PEPEUSDT	+0.2018%	1h	0.000005320	+0.224%	$176K	$798K	25x	as long as short